Bitcoin Long at 20x Leverage: New Wallet Deposits $3.86M USDC on HyperLiquid, Entry Price $86,733

COINOTAG News reports that on December 1, a newly created wallet transferred a substantial 3.86 million USDC to the HyperLiquid platform, signaling a notable on-chain move into a crypto liquidity venue.

In the same on-chain activity, the wallet opened a BTC long position with 20x leverage, establishing an entry price of $86,733, consistent with high-risk, high-reward trading patterns observed on major derivatives platforms.

This event contributes to evolving liquidity dynamics in crypto markets and highlights the persistent use of elevated leverage on crypto venues, underscoring the importance of robust risk controls and transparent disclosure for large on-chain bets.